TREMONT CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- TREMONT CREDIT UNION (EIN 04-3414490)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-13
- IRS object ID
- 201233189349303933
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-13T16:08:51-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042513210 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERALD T REILLY & COMPANY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 424 ADAMS STREET | AddressLine1 |
| City | MILTON | City |
| State | MA | State |
| ZIP Code | 02186 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043414490 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TREMONT CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | TREM | NameControl |
| Phone | 7818435626 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 850649 | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 021850649 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEVIN MCCARTHY | Name |
| Title | CFO | Title |
| Phone | 7818435626 | Phone |
| Date Signed | 2012-11-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOE FEMIA | Name |
| PTIN | P01438848 | PTIN |
| Phone | 6176968900 | Phone |
| Date Prepared | 2012-11-13 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KEVIN MCCARTHY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 GROSSMAN DRIVE | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 02185 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8063153 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.TREMONTCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1952 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | STATE CHARTERED CREDIT UNION | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 67 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -6156 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11293807 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7886333 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 117699 | InvestmentIncomePriorYear |
| Investment Income Current Year | 176820 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11411506 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8063153 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3402545 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2942196 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1936383 | OtherExpensePriorYear |
| Other Expenses Current Year | 5564558 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5338928 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8506754 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6072578 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -443601 | RevenuesLessExpensesCY |
| Total Assets BOY | 169611141 | TotalAssetsBOY |
| Total Assets EOY | 164591584 | TotalAssetsEOY |
| Total Liabilities BOY | 148835939 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 144393998 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 20775202 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 20197586 | NetAssetsOrFundBalancesEOY |
| Mission Description | STATE CHARTERED CREDIT UNION | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 0 | Expense |
| Grants | 0 | Grants |
| Description | THE CREDIT UNION PROVIDES FINANCIAL PRODUCTS SUCH AS VARIOUS TYPES OF DEPOSIT ACCOUNTS AND LOANS TO ITS MEMBERS. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3410 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 67 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEVIN MCCARTHY TREMONT CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7818435626 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 GROSSMAN DRIVE | AddressLine1 |
| City | BRAINTREE | City |
| State | MA | State |
| ZIP Code | 021850649 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | FormerFormer |
|---|---|---|---|---|---|---|---|
| MARTIN CONNOLLY | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| DARRELL ELOW | |||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | ||
| GEORGE HARDIMAN | |||||||
| CHAIRPERSON | 10.00 | X | 15000 | 0 | 0 | ||
| DONALD SMITH | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| MATHEW MACHERA | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| KEVIN MULLEN | |||||||
| VICE CHAIRPERSON | 2.00 | X | 0 | 0 | 0 | ||
| DAVID OWENS | |||||||
| TREASURER | 2.00 | X | 0 | 0 | 0 | ||
| MARJORIE POWELL | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JAMES NEE | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| EDWARD KENNEDY | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| CHARLES BAKER | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| GEORGE LAMB | |||||||
| CFO | 40.00 | 149964 | 0 | 15568 | X | ||
| MICHAEL MULLEN | |||||||
| COO | 40.00 | 112399 | 0 | 14430 | X | ||
| VANESSA GREENE | |||||||
| VP, INTERNAL AUDIT/COMPLIA | 40.00 | 70572 | 0 | 10591 | X | ||
| MICHAEL O'MALLEY | |||||||
| CEO | 40.00 | 76731 | 0 | 0 | X | ||
| JAMES BROUDER | |||||||
| FORMER CIO | 40.00 | 44661 | 0 | 4436 | X | ||
| BLAIR NURSE | |||||||
| FORMER LENDING VP | 40.00 | 9227 | 0 | 12642 | X | ||
| KELLI WYNNE | |||||||
| FORMER VP OF HR | 40.00 | 53745 | 0 | 986 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 532299 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 58653 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LOAN INCOME | 522100 | 6369799 | 6369799 |
| FEE INCOME | 522100 | 1409699 | 1409699 |
| INSURANCE COMMMISSIONS | 522100 | 113574 | 113574 |
| DECREASE IN CSV OF LIF | 522100 | -6739 | -6739 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7886333 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 176820 | TotalRevenueColumn |
| Exclusion | $176,820 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8063153 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7886333 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $176,820 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 532299 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1806772 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53560 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342212 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 207353 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30486 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 196315 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 491300 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 104481 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 517298 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 756772 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22129 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33234 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 930401 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243943 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97370 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 875314 |
| SERVICE FEES | 606403 |
| NCUSIF STABILIZATION | 357938 |
| COMPUTER SOFTWARE | 182736 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118438 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8506754 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1676740 | BOY |
| EOY | 1503450 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44417445 | BOY |
| EOY | 38175247 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2923633 | BOY |
| EOY | 1858442 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114379208 | BOY |
| EOY | 114540859 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 192954 | BOY |
| EOY | 195179 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3681056 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2945831 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 655326 | BOY |
| EOY | 735225 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 2941833 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3275389 | BOY |
| EOY | 3262239 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2090446 | BOY |
| EOY | 1379110 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 169611141 | BOY |
| EOY | 164591584 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1010484 | BOY |
| EOY | 1538112 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 147825455 | BOY |
| EOY | 142855886 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148835939 | BOY |
| EOY | 144393998 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20775202 | BOY |
| EOY | 20197586 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20775202 | BOY |
| EOY | 20197586 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 169611141 | BOY |
| EOY | 164591584 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -443601 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -134015 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1412987 | OtherCostOrOtherBasis |
| Depreciation | 859810 | Depreciation |
| Book Value | 553177 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2268069 | OtherCostOrOtherBasis |
| Depreciation | 2086021 | Depreciation |
| Book Value | 182048 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 735225 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MEMBERS' SHARES AND SAVINGS ACCOUNTS | Description |
| Amount | $142,855,886 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 142855886 | TotalOfAmounts |
| Total Revenue | 8063153 | TotalRevenue |
| Total Expenses | 8506754 | TotalExpenses |
| Excess Or Deficit For Year | -443601 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 65354 | NetUnrealizedGLOnInvestments |
| Other | -$199,369 | OtherAmount |
| Total Adjustments | -134015 | TotalAdjustments |
| Excess Or Deficit Per FS | -577616 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 8063153 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 8063153 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8063153 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8506754 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 8506754 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 8506754 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART XI, LINE 8 - OTHER ADJUSTMENTS: | Identifier |
| Explanation | OCI FAS 158 DEFINED BENEFIT PLAN AND SERP ADJUSTMENT -199,369. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GEORGE LAMB | |||||||||||||
| 149964 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15568 | 0 | 165532 | 0 | 0 | 0 |
| JAMES BROUDER | |||||||||||||
| 30000 | 0 | 0 | 0 | 14661 | 0 | 0 | 0 | 4436 | 0 | 49097 | 0 | 0 | 0 |
| BLAIR NURSE | |||||||||||||
| 9227 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12642 | 0 | 21869 | 0 | 0 | 0 |
| KELLI WYNNE | |||||||||||||
| 53745 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 986 | 0 | 54731 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 4A | BLAIR NURSE WAS THE LENDING MANAGER AT THE CREDIT UNION UNTIL JULY 30, 2010. IN ACCORDANCE WITH A SIGNED AGREEMENT, BLAIR RECEIVED A SEVERANCE PACKAGE CONSISTING OF NORMALLY SCHEDULED PAYROLL CHECKS, AS WELL AS PAID MEDICAL AND DENTAL PREMIUMS, FROM JULY 30, 2010 UNTIL JANUARY 30, 2011. THE PORTION OF THIS COMPENSATION RECEIVED IN 2011 TOTALED $9,200 AND WAS INCLUDED ON HIS W-2 FOR 2011. |
| PART I, LINE 4A | KELLI WYNNE WAS THE VICE PRESIDENT OF HUMAN RESOURCES AT THE CREDIT UNION UNTIL JULY 7, 2011. IN ACCORDANCE WITH A SIGNED AGREEMENT, KELLI RECEIVED A SEVERANCE PACKAGE CONSISTING OF NORMALLY SCHEDULED PAYROLL CHECKS, AS WELL AS PAID MEDICAL AND DENTAL PREMIUMS, WHICH WAS INCLUDED ON HER W-2 FOR 2011. |
| PART I, LINE 4A | JAMES BROUDER WAS THE CIO AT THE CREDIT UNION UNTIL DECEMBER 2010. IN ACCORDANCE WITH A DECEMBER 2011 SIGNED SETTLEMENT AGREEMENT, JAMES RECEIVED A SEVERANCE PACKAGE CONSISTING OF SALARIES, AS WELL AS PAID MEDICAL AND DENTAL PREMIUMS. THE PORTION OF THIS COMPENSATION RECEIVED IN 2011 TOTALED $44,661 ($30,000 SEVERANCE AND $14,661 PAID DEFERRED COMP) AND WAS INCLUDED ON HIS W-2 FOR 2011. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | THE VICE-CHAIRPERSON OF THE BOARD OF DIRECTORS IS THE BROTHER OF THE CREDIT UNION'S COO. | |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS CONSIST OF DEPOSITORS WITH A MINIMUM BALANCE OF $5 IN THEIR SAVINGS ACCOUNT. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE CREDIT UNION MAY ELECT ONE OR MORE OF THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS HAVE VOTING RIGHTS OVER CERTAIN DECISIONS MADE BY THE GOVERNING BODY (BOARD OF DIRECTORS). VOTING USUALLY TAKES PLACE AT THE ANNUAL MEETING AND THEIR VOTING RIGHTS CONSIST OF ELECTION OF THE BOARD OF DIRECTORS, CORPORATE CHARTER AND BY-LAW CHANGES AND APPROVAL OF MERGERS WITH OTHER FINANCIAL INSTITUTIONS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | CURRENTLY THE CREDIT UNION DOES NOT HAVE A POLICY IN PLACE FOR THE GOVERNING BODY TO REVIEW THE FORM 990. | |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 65,354. OCI FAS 158 DEFINED BENEFIT PLAN AND SERP ADJUSTMENT -199,369. TOTAL TO FORM 990, PART XI, LINE 5: -134,015. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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